Skip to main content

tv   Your World With Neil Cavuto  FOX News  August 21, 2014 1:00pm-2:01pm PDT

1:00 pm
problem. kevin? >> sir, can you address the charges of the mission creep of iraq, going beyond proteblgtict americans and going directly after isl. i talked to the general counsel, what are you doing now or do you need different type of authority going forward for what you would like? >> well, to start with, the president has been very clear on mission creek. and he's made it very clear that he will not allow that. this is why he's very clear on what our mission is. we can find where the war power is at and let congress know how many people we have. and of course we consult with our counsel all the time on do
1:01 pm
we have the domestic authority, do we have the international authority on all actions as we do on everything we do, but again, i refer you back to the president's comments on mission creed. this is not about mission creed. >> reporter: as you talk to the american public, should the american public be sealed for another long-hard slaught against isis? mr. secretary, not even george bush when he was hyping the war in iraq called saddam hussein an imminent threat, he called him a general gathering. over time, should the public start getting prepared for another long hard slaugt?
1:02 pm
>> well, i think the evidence is pretty clear. when you look at what they did to mr. foley, what they threaten to do to all americans and europeans. what they are doing now, i don't know any other way to describe it other than barbaric. they have no standard of decency, of responsible human behavior. and i think the record is pretty clear on that. so yes, they are an imminent threat to every interest we have, whether it's in iraq or anywhere else. >> you've heard me speak, i think, about the fact that we've gone from both a narrow focus in al qaeda to the recognition in the aftermath of the arab spring and the disenfranchised populations that have a lack of governments and failed states, declining nationalism, you heard
1:03 pm
me talk about all that. we actually have groups that now kind of are loosely connected, in some cases, affiliated, that run from afghanistan across the arabian peninsula into yemen and the corner of africa and into north and west africa. so, in general, the conflict against those groups, most of which are local, some of which are regional and some of which are global in nature, that's going to be a very long contest. it's ideological, it's not political. it's religious, in many cases. so, yes, it's going to be very long contested, but when you're asking if the american people can steal themselves for this conflict, there will be required participation of the united states of america, in particular to leadership role, to build coalitions, to provide the unique capabilities that we
1:04 pm
provide, but not necessarily all the capabilities to work through this thing using three different military tools. one is direct action. there will be cases where we are personally threat upped. u.s. persons and facility are threatened that we'll use direct action. they are told to use direct action and will be prepared to do so. and the second one is building partner capacity. and that's really where this has to reside. we've got to have them take ownership of this because, frankly, if we own it, they are not going to be that interested in it. and the last one, of course, is enabling, which is to say enabling our partners, which is what you see us doing somewhat now in iraq with both the iraqi security forces and the tesch myrga. >> you were talking about this threat and a war with the america, and i think most
1:05 pm
americans are asking, well, what is the isl threat to us here at home? could either of you describe the terrorist threat that isl represents to americans, and should americans be prepared for a perpetual war on terror? >> i'll take the first one and marty can respond as well. jim, what happened in this country on 9/11, you ask americans, should we see this as a human threat or what is the issue, this is in iraq, i doubt if there were many people that would have thought there was much of a threat the day before 9/11. now, that happened a few years ago, this country is far better prepared today in every way for
1:06 pm
this, but terrorism is not new to the world. the sophistication of terrorism and ideology that the general was talking about with resources now presents a whole new dynamic and a new paradigm of threats to this country. the sophistication, technology, money, resources, all of that is different. and we can't ask the question of ourselves as leaders who have responsibility to this country, they are far away and every day the intelligence in this country, regardless of who the administration is or who the secretary of defense is or who the chairman is, deals with this every day that we don't want to face that again, ever, 9/11 or -- so we have to look at this again from the reality of what's
1:07 pm
out there, but also what could be out there and what could be coming. and is this a long-term -- sure it's a long term. >> is this showing that isl is a long-term threat to the united states? >> jim, isl is sophisticated and well-funded as any group we have seen. they are beyond just a terrorist group. they marry ideology, a sophistication of strategic and tactical military crouse. this is beyond anything we have seen. we must prepare for everything. and the only way you do that is you take a cold, hard look at it and get ready. >> the immediacy is in the number of europeans and other nationalities who have come to
1:08 pm
the region to become part of that ideology. and those folks can go home at some point. that's why i have conversations with my european colleagues about their southern part in nato, which is more threatened than we are, and they are less -- because of open borders and immigration issues, it's an immediate threat to say the fighters who may leave the current site and migrate home. longer term it's about isl to know their long-term vision is lebanon, the current state of jordan, israel, iraq, syria and kuwait. if they were to achieve that vision, it would fundamentally altar the face of the middle east and create a security environment that would certainly threaten us.
1:09 pm
>> reporter: right now it's iraq's responsibility to take control of the drone country, but isn't the u.s. already at war with isis? >> are you looking at me? >> you're the general. >> the declaration of war is a policy decision, not a military decision. >> reporter: is there any estimate on how much the operations in iraq have cost so far? and considering isis is a long-term threat and you're organizing a long-term strategy, that you might need to reshape your 2016 budget to accommodate for that? >> maybe. well, depending, first of all, we'll go back to the reference that i mentioned, that we've already asked the congress in a separate fund, counter terrorism
1:10 pm
fund, $5 million of that is for the syria opposition, so you're constantly shaping a budget. and i assure the resources match the mission. and the mission and the resources match the threat. and it is -- it is a process that is void of the dynamics of a changing and shifting world requiring resources. and as you flood the resources in to carry out the strategy, yes, you're shifting all the time on what you think is going to be required. i mean, we've had to move assets over the last couple of months, obviously, to accomplish what we've accomplished in iraq. that costs money. that takes money to have a certain fund. so it's a constant fluid process as you plan for these.
1:11 pm
general, do you want to say anything? >> yeah, adaptations we have made to our global posture and regional posture in response to the tasks we have been given has been remarkable. it reminds me to thank those in ju uniform for their agility and courage and whatever issues place them. there are a lot of issues confronting us globally right now, and we are answering the call and will continue to do so, but there may be a point where i think we are fine for fiscal year '14 and we'll have to continue to gather the data to see what it does to us in '15. >> thank you very much. >> thanks very much. thanks very much. thank you very much. >> a rescue attempt, a ransom
1:12 pm
threat right on the pentagon's agenda right now. let's go to jennifer griffin at the pentagon on what we just learned. jennifer? >> reporter: stewart, the most stunning announcement came as they said isil is as sophisticated a network as the u.s. has seen. then he was asked by the reporters if the u.s. was already at war with isil and he wouldn't take that question and said that's a policy decision, not something that's going to be announced from the pentagon. it was very interesting to hear general dempsey, general martin dempsey, chairman of the joint chiefs, talk about how air strikes alone in iraq are not going to stop isis and in order to destroy isis, action will have to be taken in syria. he ruled out at this time u.s. taking action in syria, but it suggested, both men suggested that the u.s. would be trying to build a coalition of sorts in
1:13 pm
the middle east to go after isis and isil inside syria. so certainly that was something new, something that we haven't seen in the past. now, in terms of the mission to rescue, the failed rescue mission to get the american hostages that we have now learned took place in early july around the july 4th timeframe, the head of global post, foley's employer, said isis asked for 100 million euros or $132 million in exchange for james foley. the u.s. refused to pay. ultimately the company itself paid millions in attempts to find him. stewart, it looks like we don't have the sound byte from global post, but i can paraphrase it by saying what changed for the isis hostage takers was when the
1:14 pm
bombing, the u.s. bombing of iraq began. that's when they started threatening james foley in suggesting he would be killed. u.s. military sources tell me the rescue team was on the ground longer than expected. when they got to the first compound, the hostages weren't there, but there was evidence they were there just days before. they extracted information at the first compound and then decided to go to a second location where they got into a firefight. one u.s. aviator was injured. >> jennifer griffin at the pentagon with the latest on what we just heard from that press conference. jennifer, thank you very much, indeed. i would garden tooe yuarant your last guest just said about coming into isis in america, i guarantee you that they are here. i have worked in the desert and caught these people before and i have seen korans, prayer rugs, you name it, they are already
1:15 pm
here. >> is the border crisis providing the perfect cover for isis? that's the fear right now as u.s. border patrol agents get stretched thin across the near 2,000-mile-long border with mexico. we have already seen tens of thousands of illegal immigrants this month and they are bracing for another surge next month while isis steps up their threat to attack many more americans right here on u.s. soil. border patrol agent sean moran is worried and so is dennis michael lynch on what's happening along the border. first with you, mr. moran, if a 17-year-old youngster from a terror state walked across the border today from mexico, what would happen to that person? remember, that's a juvenile, would they be welcomed? >> i don't think they would be welcomed to this country but they would be treated as a juvenile. unfortunately, we can't differentiate when someone is a
1:16 pm
juvenile beyond that status effectively protecting them in how they are treated. >> from your knowledge, would you say that it is now easier to cross that border because of the current border crisis? >> i think in south texas it would be easier because our agents are so overwhelmed and we have so many that are doing duties other than patrolling, for example, they are doing a lot of processing because of the shear numbers. but overall i would say it's probably harder, but if you are committed enough, you will get across the southern border. >> dennis, you have been to the border and made movies and films about what's happening at the border, i'm sorry, dennis, you can't hear me. i'll stick with shawn moran. if we have heard from a cia guy, mike baker, he says there is a lot of communication between isis and the drug cartels.
1:17 pm
what do you make of that? >> that wouldn't surprise me as the drug cartels control the southwest u.s. routes. so anybody exploring those routes would have to check in, so to speak, with the cartels to get permission to use those routes. >> you're worried, aren't you, worried that the terror people could cross the border right now? shawn moran, you? >> i'm a federal agent. my job is to be worried. my job is to be thinking about how our adversaries are going to exploit our weaknesses and our job is to go out to deny them the operational space to effectively hurt us. >> okay, dennis, i know your mike is now open and you can hear what i've got to say. you've been to the border and made documentaries on the border, is it easy to cross? could you do it just like that? >> you could do it just like that. i'm not sure if i heard shawn right or if i heard him wrong,
1:18 pm
but if he said that it's harder now to cross through, i have to disagree with him. we have, in arizona alone, a ranch right next to the brian terry border control station. we have all the physical assets that you would possibly want to stop people. in the last two years we've had 50 trucks filled with marijuana and people getting through skate free, not one person has caught them. and i would like to say something else, stewart. something else i heard hagel say, this is a sophisticated group, they are beyond anything we have ever seen and it creates an immediate threat. that's not a j.v. team. i have been down at the border from texas all the way to california. i told you on "fox and friends" and i'll say it again now, i bet my life, these people are here or they are positioned to be here. to get here, to cross order. >> secretary hagel just said we are better prepared now than we were in the past.
1:19 pm
you obviously disagree with that. >> no, listen, it's amateur hour in washington, d.c. it's been like that for a long time. he worked for a president who once said maybe we should throw alligators in the rio to make people more happy. you have a president who won't go down to the border to take a look at it even though he's in texas. why? because he doesn't want to admit the problem is there. we have an organization right now who is chopping off heads of americans. what more do we need? this is a real threat. and let me say something else, stewart, the terrorists are fragmented. when that fragmentation comes together, we are going to have ourselves a problem which the american people do not understand because it's never reported to them unless they are watching fox. >> shawn, is the border our principle vulnerability? bearing in mind what isis is
1:20 pm
capable of doing and the nature of these people. is the border our principle vulnerability for this, the ? shawn? shawn moran, you got me in. >> i can answer it. >> go ahead, dennis, you answer for me. >> i can answer right now. it doesn't matter whether you're in a football game, you're going up against somebody in business or you're in terror. when you have an opponent, you look for the opponent's weakness. our weakness is our southern border. if you've got kids crossing over in diapers, imagine what sophisticated, well-trained, well-funded crazy nut jobs, that's the only way to explain these people, we can't get our minds around these guys because it's so irrational for us to think like them. that's why it is so hard for us to catch them. if you were to penetrate the u.s., where would you want to go? you're going to try to come in on an airplane with a visa? >> no, you're going to work with the drug cartels. and by the way, stewart, in 2012 there was a congressional report that clearly stated the drug car
1:21 pm
tells are working with terror networks. do not kid yourself in thinking that the border is not the entry. it is the door they are walking through. and i have been told, let me just say this, it is very important, my intel along the border has never steered me wrong. i've always been ahead of this entire episode along the border. i have been told that gang members are being paid up to $50,000 per head to smuggle through special customers. $50,000. >> we hear you. dennis michael lynch, shawn moran, appreciate it. we'll have more on the story in just one minute. bulldog: you don't need to camp out
1:22 pm
1:23 pm
'til labor day to reward yourself. get a queen size serta mattress and box spring set for just $397. not to labor the point, but this sale ends soon. ♪ mattress discounters
1:24 pm
could help your business didavoid hours of delaynd test caused by slow internet from the phone company? that's enough time to record a memo. idea for sales giveaway. return a call. sign a contract. pick a tie. take a break with mr. duck. practice up for the business trip. fly to florida. win an award. close a deal. hire an intern. and still have time to spare. go to comcastbusiness.com/ checkyourspeed if we can't offer faster speeds - or save you money - we'll give you $150. comcast business. built for business. this, i think this is a supporter of the officer.
1:25 pm
no, obviously not. >> it's a question today after a woman trying to support officer darren wilson was rushed away. mike tobin saw this all. >> reporter: this happened on west floressent avenue. obviously, that was a provocative move. we saw the crowd fire up and the police responded and whisked those people off, mostly for their own protection. to our knowledge, they have not been charged with anything. the other big development today that i wanted to talk about, you can see the national guard forces behind us. they are going to be withdrawn systematically from the area. they have never been part of the crime prevention or part of the crowd patrol down there, but
1:26 pm
they have always been providing security back here at the command post. but the fact that they are leaving is very symbolic. they stand as a symbol that this is an emergency state. for the people who wanted to claim this is a militaryized state, they are working the ammunition belt of those people. the fact that the national guard is leaving could let off the pressure and be viewed as an indicator this is rounding a turning point. stewart? >> mike, thank you very much, indeed. holder taking sides in this case? during his visit to missouri, the attorney general talked about his own run-ins with police officers that left him angry and humiliated, in his words. he also told community leaders he understands the mistrust of the police. does that sound totally unbiased? to fox news contributor, ted williams on the ground in ferguson for "on the record." ted, make that judgment, is the attorney general totally unbiased? >> reporter: well, i don't know if you can say the attorney general is totally unbiased, stewart, but i can tell you that i've been out here among the
1:27 pm
community and i talked to both law enforcement and i talked to citizens, some citizens are very happy to see the attorney general here and there are law enforcement officers unhappy to see and hear. you have to think about this, stewt, just think about it. you're a young police officer. you wake up and go to work, you are involved in a shooting, and at the end of the day you have the president of the united states talking about the incident and you have the attorney general in your community. that is not a good feeling inside, especially when you find that the attorney general has talked to several rights leaders, he's talked to community leaders and activists, he's also talked to the captain of the missouri police, state police, who is head of the investigation, but from all indications he's talked to no one on the officer's side. that's not a very good feeling.
1:28 pm
i think it would be better if he talked to both sides in which he can, stewart. >> did he calm the situation? he may or may not have talked to both sides, but by what he did, did he calm things down? >> reporter: well, i don't know if we can say one way or another. i think it's the -- the jury is still out on whether he calmed the situation down. we do know that last night there was less arrests, less unrest in ferguson. you've got to remember, law enforcement has been under siege here in ferguson. there were nights that gunfire broke out. there were bombs thrown at them. and one of the most despicable things would be also to throw a bottle of urine at the law enforcement officers who were only trying to disjuncture stewards to do their job. >> there have been reports that a police officer was beaten in his police car by a young
1:29 pm
michael brown before michael brown was shot. do you know anything more about that? and if it proved to be accurate, would that be a game-changer? >> reporter: it could very well be a game-changer. i have been told that the officer did receive injuries to his face. it could be a game-changer in one of two ways. one, clearly if the officer had to discharge his weapon to protect himself and he reasonably believed his life was in danger, he can do it at the call. the big question mark in this is going to be this change of his weapon in means of brown, was he running toward him or running after brown? that's going to have to be figured out by the grand jury at this stage. but i've got to tell you, if i was that police officer, i would be deeply concerned. because it seems as though there
1:30 pm
is no justice, that justice is tilted toward the brown family there and not toward the police officer. and what i'm looking for is equity. equity for the police officer. if the police officer did something wrong, fine, get him, but if this officer did not do this, i don't want politics infusing itself. and they believe they got to go file this against an innocent man, stewart. >> ted williams on the scene. we thank you and we hear you. thank you very much, ted. isis demanding cash for their captives and some countries are actually paying them. are those nations part of the problem?
1:31 pm
1:32 pm
1:33 pm
isis demanding millions in ransom and now they are treating this beheading as a criminal action? is that really the best move? we are back in 60 seconds.
1:34 pm
the justice department is going after james foley's killers as criminals. and that is raising a lot of questions about how investigators can get the information on the case. chief intelligence correspondent katherine harris has the latest. katherine? >> reporter: the administration will bring james foley's assailants to account. >> this department of defense, this nation, we have long
1:35 pm
memories and our reach is very wide. >> reporter: the fbi director telling reporters they opened a file on foley when he was kidnapped two years ago and now the murder has changed the focus of investigators. >> we'll work with our law enforcement, our military and enforcement partners to bring the full force of the united states of affairs on these savages. >> they had assurances that the fbi team would be allowed into syria to question eyewitnesss but a spokeswoman had no specifics. >> there's going to be a criminal investigation as the fbi can speak to. there's also the ongoing intelligence community focus on this to determine who may have been responsible. >> though one official emphasized to fox news today that you don't have to have boots on the ground necessarily to build a strong federal criminal case, stewart. >> thank you, catherine.
1:36 pm
unlike the u.s. and britain, some allies like spain and france have no problem paying the terrorists cash to get their citizens back. and tony schaeffer says that's making this problem even worse. sir, i'm told that the europeans paid a total of more than $120 million to get their people back. is that accurate? >> that is accurate. and stu, that's why you have seen reporting on how the family of jim foley was being pursued for $132 million. most american couples don't have that kind of cash laying around. and i think it's setting a hugely dangerous proposition for any of us out there. and stu, we have dealt with the terrorists before and been effective. they have kidnapped folks in the philippines and we work to negotiate but then they nab the guys in the last minute. same for colombia. the europeans are making our jobs very difficult. >> but tony, we did negotiate with terrorists in the release
1:37 pm
of bergdahl and we gave up five taliban leaders. >> and my sources tell me about $11 million to do this. that is the wrong answer. when you start going down this path, stu, you'll see more and more of this. so we have to take a step back and look at what our policy should be. when i was in afghanistan in '03 the taliban and al qaeda feared us. they would do things to the germans and french because you would do things to them, but with us there was fear. the moment you open the door for this to happen is when you lose the fear. we need to go back with severity. i'm sorry -- >> that legalistic response, filing a criminal charge against the executioner in this case, that means, i guess, that we're going to try to capture him, put him on trial, get him a lawyer, as opposed to drone him. is that the wrong interpretation?
1:38 pm
>> i'm all for sending eric holder to syria to track him down. that would be a good use of his time. with that said, unfortunately, they want to capture these guys. this is the sloppy thinking that led to the 9/11 attacks. remember that they separated people like me in the intelligence office sharing information with law enforcement. so those conditions resulted in the catastrophic failures of the 9/11 attacks. we are going down the path. same pervasive thinking of the clinton administration is now back with the obama administration where they are trying to use legal methodology to use military -- >> if you lay down the law and say we're not going to pay ransom or negotiate, you have to be awfully tough if your stand. even though you know these guys who execute people with beheading have some of our people. you have to be real tough. >> i got you. i don't want to sound brutal on this, but the russians went through this in lebanon back in the '80s. whenever a russian got kidnapped, the terrorists figured out quickly they ended up dead. i'm not saying we should be that
1:39 pm
severe, but it should be clear if you nab a u.s. citizen, don't expect a ransom otherwise the door will open and more and more will occur. i think it's the right thing to hold out to nab mr. foley. we should have acted quicker. the intel was there if we acted quicker. unfortunately, we delayed too long and this is the result. >> tony schaffer, thank you, appreciate it. it was not just the government trying to save james foley, his boss was as well. tonight, hear from foley's employer on how the company spent millions of dollars and countless hours trying to bring james home. only on "cavuto" tonight at 8:00 eastern. did you see the cover of "the new york daily news"? it's the president teeing off minutes after his isis statement. these are some of the worst optics this man has seen. you're a crisis manager, was it a major blunder? >> he's on the golf course and the golf course on your first
1:40 pm
shot, you get a mulligan, which is basically a do-over. the united states president does not get a mulligan. and he hit the shot so far out of bounds. he showed insensitivity and he showed a cavalier, almost an overly confident attitude that i think is actually causing a less-than-confident perception of what's going on right now. >> that's perception. that's image. that's pr and optics. does the bad optics have an actual real impact on future actions? >> well, i think it shows that -- i think the actions may not be as severe for the people that we're dealing with right now, but in the future i think you're going to take a look at other world leaders and take a look at how we've handled things and frankly it's embarrassing. >> embarrassing, really? >> embarrassing to the fact that, again, this is a leader who is supposed to exude confidence and supposed to make confident decisions. and yet what he's looking like is somebody that, hey, you know what? i'm playing golf.
1:41 pm
okay, interrupt me and let's go deal with the war, let's go deal with terrorism. okay, we are done now, i'm back to the golf course. what kind of a message does that send, not only to the u.s. citizens, but to the world leaders as we all try to band together to deal with all the problems? >> when the executioner of james foley was found to have a british accent, britain's prime minister david cameron, he came home from vacation. do you think that president obama should have done the same thing? >> i think that's exactly what he should have done. he should have gone back to the white house, back to the situation room, or at a minimum stepped away and gone somewhere and if it's all about vacation for him, he's entitled to take vacation, but the world doesn't stop when the president of the united states goes on vacation. you can do business back at your vacation home. that's okay. but when you step out on the golf course and you're seen high-fiving athletes and money managers, it really takes -- we use the word optics, it doesn't
1:42 pm
really look bad, it actually is bad. >> shep, thank you for joining me. >> thank you for having me. everyone is calling bank of america's $17 billion deal with the government a settlement. charlie says try shakedown. p÷
1:43 pm
this is the age of knowing what you're made of.
1:44 pm
why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain... ...it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age... ...of taking action. viagra. talk to your doctor.
1:45 pm
dunk,eady to crack, dip... it's crabfest at red lobster! the year's largest variety of crab! like new! crab lover's trio! or try new! jumbo lump crab over wood-grilled salmon. crabfest is now... but ends soon! so hurry in and sea food differently! it is official, bank of america paying up for its involvement in the mortgage metdown. the bank agreeing to a near $17 billion settlement with the justice department. it was accused of selling shotty home loans. the record settlement is shotty. i say it was a shakedown. >> i agree with you. let's get to the numbers. a portion of cash goes to the
1:46 pm
treasury. >> $9 billion goes to the treasury. >> the other stuff is fluffy. it gives the money to those who were ripped off, which i don't believe were really ripped off. some were to homes foreclosed on and abandoned. get rid of the homes so neighborhoods don't have that belight there. that's a net positive, but that's fluff. most of this stuff comes from two companies that bank of america bought. merrill lynch and countrywide. the government basically prodded them to buy both of those companies. they did not really want to buy them. first they wanted to buy them but came back, especially merrill lynch, they came back to try to get out of the deal when they realized how many problems there were. >> please, please take them. >> so they are paying for that, which i think is wrong. and basically it's this, if what they did was so bad, why did it take seven years to figure it out? and why are they shutting them down? >> and why didn't they go to court? >> that's another question.
1:47 pm
that's the question for the bank. >> if it's a shakedown and the bank thinks it's a shakedown, why didn't -- >> why do people not rat out the mafia when shaking them down? the justice department is like the mafia here. i mean, there's no -- listen, jamie dimon made the same comment. why didn't he fight? >> why didn't he? >> because when the justice department is coming after you and you are a heavily regulated industry, they are like the mafia and screw you every which way, make you pay millions of different ways, you can't fight them. these guys are going to litigate you to the end of the earth. and you're a public company, shareholders, it's cheaper just to do this. >> do you think that bank of america and other banks like them on wall street share any part of the blame for the mortgage meltdown? what share of the blame do they hold? >> they do, but there's never one reason why we have a financial crisis. there's greed involved. but i will say this, if what they did was so bad, okay, if it
1:48 pm
was criminal what they did, shut them down. i think there's a lot of fluff in this stuff. you know, there's a rational exuberance involved here. people do stupid things. >> wall street is unpopular, they are going after him. what about angelo mersella who was running countrywide handing out the rotten loans. he was under civil indictment. >> i don't like angelo's involvement at citywide. or countrywide. this is bad stuff. that doesn't mean it was criminal. remember, countrywide repackaged loans and gave loans out with guarantees to fannie and freddie. the government was behind angelo as much as anybody else. and stewart, i will say this,
1:49 pm
when angelo did this seven years after the fact, we know it is so bad, why not indict him? they don't have a case. >> why not bring a civil case against him two months before the election? >> they are did. >> there's a lot of politics here. >> i agree. with both of these, what we are seeing is wall street prosecutions corresponding with the 2014 midterms. i'll tell you, if the presidential election was going on right now, you would see many more banks being indicted or charged against. they just do the civil charges so they pay up and don't go out of business. >> a cash cow. >> and hit them in six months from now. >> charlie, you got it right. thank you so much, sir. it may have been a calm night, but ferguson business owners are living a nightmare. who is paying for this?
1:50 pm
. . . . . . . . you do a lot of things great.
1:51 pm
but parallel parking isn't one of them. you're either too far from the curb. or too close to other cars... it's just a matter of time until you rip some guy's bumper off. so, here are your choices: take the bus. or get liberty mutual insurance. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. see car insurance in a whole new light. call liberty mutual insurance.
1:52 pm
it can help your business save money. false. the truth is when you compare our fastest internet to the fastest dsl from the phone company, comcast business gives you more for your money. why pay more for less? call today for a low price on speeds up to 150mbps. and find out more about our two-year price guarantee. comcast business. built for business.
1:53 pm
businesses torn to pieces, now looking for help. many keeping their windows boarded up to keep looters from striking a second time. help is on the way. kathy, welcome to the program. you tell me, what help is on the way? >> well, what we've done is put together a fund, a corporation with north county inc. to help small bgss in the daytime frame. one of the needs has evolved is, many of the business owners don't know how to fill the insurance forms, not sure where the papers are, need help and assistance in putting those together. >> where is the money coming from to go into that fund? >> we put initial investment, other companies and individuals. it's a nice way for people who want to see the businesses get back on their feet, to invest. it's all private money. >> see, there's kind of a mole
1:54 pm
question here, say taxpayer money. if you want taxpayers help rebuild ferguson. i think there is a moral question. why should outside taxpayers have to pay to rejuvenate a town that was ruined by its own residents? do you see where i'm coming from here? some people are annoyed that we have to step in and make good the mess. >> i think the issue is more nuanced and complex than that. but today, what i'm focusing on is what the private sector and individuals can do. we've seen some of these business owners, i've met with them. they're very resilient people. many have lived in the community. they want to stay in operation. you mentioned the boarded up, sometimes they close at night. but if it opened during the today. so our plan on the private sector side is do what we can to extend a hand of help, to bring people in to help them, to help them get back only their feet. >> any idea how much money it will take to rejuvenate their businesses that's been wrecked? >> we do not know that.
1:55 pm
there's about 50 businesses directly affected, and indirectly many more businesses where they don't have any customers because of the things that are going on. >> that's going to be a problem, isn't it. when you look at former disturbances in some areas where towns have been burnt down, they've not been rejuvenated. the businesses have not come back. you're trying to stop that obviously. >> we're trying to stop that, and we're trying to start the rebuilding now, and communicate to the residents and business owners to stay there. we really want to help you. the community will embrace you. and i think there's a determination on the part of the business community to help this community stay vibrant. >> they're resilient? >> we've invested in the school side, because a lot of the schools have started and children can't go to school because of safety reasons. the children are now in libraries where teachers are coming to smaller groupings of students and teaching lessons and talking with them and giving them snacks, et cetera.
1:56 pm
this is a group of people that value their infrastructure, which is business, the churches, the schools. and we're just there to help them to regroup. >> i think everybody acknowledges that you've got the right thing going here. you're trying. you're trying hard. and you deserve help, deserve to help yourselves and get back in business. but i've got to point out, it's a very tough uphill struggle. because ferguson now has a bad pr image. a lot of people say it cannot come back. but we wish you the very best. we really want you to succeed obviously.much, stewart. appreciate the time. >> how much have you got so far, by the way? >> $80,000. >> you've barely just started, i take it? >> that's exactly right. >> we wish you the very best of luck. let's hope you can get back in business and get them back in business in the private sector. one of the biggest apps out there with 100 million active users. it is called shazam.
1:57 pm
the guy behind the app sensation, and that's what it is, the correct pronunciation is shazam. "the five" is next.
1:58 pm
1:59 pm
2:00 pm
hello, everyone. this is "the five." when someone has a problem and it's someone you care about, you should confront him. you've got to sit him down and say, this is serious. president obama, you have a problem. not with drugs or women or booze, it's worse. you have a problem with golf and it's getting weird. even for me, i never once cared, but now it's strange. think about it. you played golf after that press conference, after an attack. i have no problems with vacations and have grown to like

106 Views

info Stream Only

Uploaded by TV Archive on